Hub Group Inc (HUBG) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $0.58 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.18. Analysts had a consensus of $0.40. The company posted revenue of $805.60 million in the period, compared to analysts expectations of $839.81 million. The company’s revenue was down -3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.
Many Wall Street Analysts have commented on Hub Group Inc. Hub Group Inc was Downgraded by BB&T Capital Mkts to ” Hold” on Apr 25, 2016. Hub Group Inc was Downgraded by Stifel to ” Hold” on Apr 7, 2016. Stifel Upgraded Hub Group Inc on Feb 4, 2016 to ” Buy”, Price Target of the shares are set at $41.
Hub Group Inc opened for trading at $38.15 and hit $39.13 on the upside on Friday, eventually ending the session at $38.98, with a gain of 2.26% or 0.86 points. The heightened volatility saw the trading volume jump to 3,25,889 shares. Company has a market cap of $1,390 M.
In a different news, on Feb 10, 2016, Martin P Slark (director) purchased 10,000 shares at $34.88 per share price. According to the SEC, on Nov 20, 2015, Christopher R Kravas (Chief Marketing Officer) sold 2,000 shares at $38.96 per share price. On Aug 3, 2015, Charles R Reaves (director) sold 6,000 shares at $42.48 per share price, according to the Form-4 filing with the securities and exchange commission.
Hub Group Inc. is an asset-light freight transportation management company. The Company is an intermodal marketing company (IMC) in the United States a truck broker and a full service transportation provider. The Company operates through two business segments namely Mode and Hub. The Mode segment markets and operates its freight transportation services primarily through its network of independent business owners (IBOs) who enter into contracts with Mode. The Hub segment provides intermodal truck brokerage and logistics services through a network of operating centers throughout the United States Canada and Mexico. The Company arranges freight movement for its customers through transportation carriers and equipment providers. The Companys transportation services for both the Hub and the Mode segments can be classified into three categories namely intermodal truck brokerage (highway services) and logistics and other services.